Dominion Energy Inc (D) Stake Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in Dominion Energy Inc (NYSE:D) by 28.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,179 shares of the utilities provider’s stock after acquiring an additional 10,768 shares during the quarter. IFM Investors Pty Ltd’s holdings in Dominion Energy were worth $3,693,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nalls Sherbakoff Group LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $26,000. Altshuler Shaham Ltd bought a new stake in shares of Dominion Energy during the 4th quarter valued at $27,000. Massey Quick Simon & CO. LLC bought a new stake in shares of Dominion Energy during the 1st quarter valued at $27,000. Athena Capital Advisors LLC bought a new stake in shares of Dominion Energy during the 4th quarter valued at $28,000. Finally, Heritage Trust Co raised its position in shares of Dominion Energy by 58.8% during the 4th quarter. Heritage Trust Co now owns 405 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 58.90% of the company’s stock.

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Several brokerages have recently issued reports on D. Zacks Investment Research lowered shares of Dominion Energy from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Wolfe Research set a $79.00 price target on shares of Dominion Energy and gave the company a “hold” rating in a report on Monday, March 18th. Mizuho began coverage on shares of Dominion Energy in a report on Monday, March 11th. They issued a “neutral” rating and a $76.00 price target for the company. Credit Suisse Group began coverage on shares of Dominion Energy in a report on Friday, April 12th. They issued a “neutral” rating and a $78.00 price target for the company. Finally, Argus reissued a “buy” rating on shares of Dominion Energy in a report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $85.08.

Shares of D stock opened at $74.92 on Friday. Dominion Energy Inc has a 12-month low of $61.53 and a 12-month high of $77.50. The firm has a market capitalization of $59.89 billion, a PE ratio of 18.50, a PEG ratio of 3.20 and a beta of 0.22. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.49.

Dominion Energy (NYSE:D) last announced its quarterly earnings results on Friday, February 1st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.13 billion. Dominion Energy had a net margin of 18.31% and a return on equity of 12.85%. Dominion Energy’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. Equities analysts expect that Dominion Energy Inc will post 4.19 EPS for the current fiscal year.

In related news, CEO Diane Leopold sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $71.31, for a total value of $178,275.00. Following the completion of the transaction, the chief executive officer now directly owns 48,677 shares of the company’s stock, valued at approximately $3,471,156.87. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director D Maybank Hagood bought 1,965 shares of Dominion Energy stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of $76.34 per share, with a total value of $150,008.10. Following the completion of the purchase, the director now owns 2,975 shares in the company, valued at approximately $227,111.50. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by corporate insiders.

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About Dominion Energy

Dominion Energy, Inc produces and transports energy. The company's Power Delivery segment engages in the regulated electric transmission and distribution operations that serve residential, commercial, industrial, and governmental customers in Virginia and North Carolina. Its Power Generation segment is involved in the electricity generation activities.